Nirmala Sitharaman to lead the Finance Ministry in Modi 2.0

Nirmala Sitharaman

The second Narendra Modi-led BJP government has announced the appointment of two-time Rajya Sabha MP Nirmala Sitharaman as the new Finance Minister.

Nirmala Sitharaman

She has served as the Minister of Defence and will replace Arun Jaitley has decided to opt out on health grounds.

Sitharaman will also be getting the Minister of Corporate Affairs.

Sitharaman  formally joined the BJP in 2008, before that she worked as an assistant to an economist in the Agricultural Engineers Association in the United Kingdom, a senior manager in the Research and Development department of Pricewaterhouse Coopers, and also  worked at the BBC World Service.

Sitharaman was inducted as Minister of State, Commerce and Industry, with independent charge in Prime Minister Narendra Modi’s 2014 cabinet before being elected as a member of Rajya Sabha from Andhra Pradesh in June 2018.

She successfully fought for a Rajya Sabha seat from Karnataka in 2016 and was one of the 12 candidates nominated by the BJP to contest the elections.

In 2017, Sitharaman was given charge of the Ministry of Defence and has been in office since. Prior to the cabinet reshuffle, she had also handled the ministries of finance and corporate affairs.

Sitharaman also served as the BJP’s national spokesperson from 2010-14. She has served as a member of the National Commission for Women (NCW) from 2003-05, under the government led by Atal Bihari Vajpayee.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.